Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

You can use- to roughly estimate how many years a given sum of money must earn at a given

 

compound annual interest rate in order to double that initial amount .

 

1) Rule415

 

2) the Rule of72

 

3) the Rule of78

 

4) Rule144

 

user-image
Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/22
Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

2) the Rule of72

Divide72 by the rate of interest and get the number of years.

AGreed to experts

Thank you

 

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>>>>>>>>>>> 2) the Rule of72

Mir Mujtaba Ali
by Mir Mujtaba Ali , Internal Audit Manager , Confidential

2) the Rule of72         ................

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

2) >>>>>>>>>>>>>>>the Rule of72

Wolf Klaas Kinsbergen
by Wolf Klaas Kinsbergen , Managing Director, Designer , ingenieursbureau KB International NV

The 'Rule of72' is a simplified way to determine how long an investment will take to double, given a fixed annual rate of interest. By dividing72 by the annual rate of return, investors can get a rough estimate of how many years it will take for the initial investment to duplicate itself.

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

I agree, with the answer the Rule of72

Dhawal Thakkar
by Dhawal Thakkar , Senior Engineer Projects , TDK Corporation

Rule of72

 

 This is a rule stating that in order to find the number of years required to double your money at a given interest rate, you divide the compound return into 72. The result is the approximate number of years that it will take for your investment to double.

 

 

 

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

Agree with allllllllllllllllllllllllllllllllllllllllllllllllllllllllllll

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.